ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Best Bitcoin Trading Platforms

Updated on January 27, 2015

Getting Started with Bitcoin Trading

Trading Bitcoin is really exciting, and offers a wide range of advantages over something like forex trading. Peer to peer markets mean you can often enjoy lower fees and can trade securely in the knowledge that the odds aren't stacked against you by the advantages given to large financial institutions. For a regular retail investor trading on the traditional financial markets often feels like betting at a casino - the house always wins in the end - but this is not the case for digital currency markets.

The volatility of Bitcoin means that the risks are high, but so are the potential rewards. This makes for very exciting experience and could even make you rich even if you only start with a modest amount of trading capital. But of course it also means that you can lose a lot of money in a short space of time - especially if you are trading with leverage.

If you are confident that you understand the risks and you are only going to trade with money you really can afford to lose without causing yourself any problems then read on and you will find some of the best trading platforms and sites to get you started.

Of course you will also need to keep up to date with the latest trading analysis and investment news, so check out this site which provides a twice daily digest of the latest Bitcoin Trading News Headlines

Reader Poll

Are You an Experienced Trader?

See results


Bitfinex is the only Bitcoin trading platform which not only allows you to access 'leverage' with margin trading, but also to use your funds offer liquidity liquidity to others in return for a set interest fee.

The Bitfinex margin trading feature allows you to effectively trade as if you had more money than you really do have, therefore increasing your profits when you make a winning call, and increasing your loses when you make a losing call. For example, if you put up $100 USD to take a 'long' position on Bitcoin with 10 times leverage, and the price of Bitcoin then rises by 5%, rather than simply taking a profit of $5 which would be 5% of $100, you actually a profit of $50. To do this the system borrows USDs from liquidity providers and uses them to buy Bitcoin. To protect the liquidity provider, your long position will automatically close before you lose all of your own $100 trading capital.

This kind of margin trading increases your potential rewards, but also your risks. Anyone wishing to make a safer investment can instead use their USD or Bitcoin funds to provide liquidity. To do this you place an offer on the market stating how much you want to make available, how long for, and what return you would like to get.

In addition to Bitcoin, the Bitfinex site also offers Litecoin trading.

Bitfinex Fees


Kraken offers one of widest ranges of advanced options for trading Bitcoin, Litecoin, Dogecoin, Ripples, and other digital currencies which can all be traded against each other, or against USD or Euros.

In addition to simple market and limit orders, Kraken traders can set up orders to automatically buy or sell at a certain percentage or rate above or below market price. All trades can be set to automatically close at a certain profit, which can be set as a percentage or fixed amount. You can also set stop loss, trailing close, and other automated options.

Leverage trading and a Ripple gateway option are both planned for the future, but no timeline for these features has been set yet.

Kraken also features a sliding scale of fees, meaning that regular users who trade enough to hit the targets will see their trading costs reduce in steps. With fees on some markets starting at a low level of 0.1% anyway, this offers the potential for virtually free trading.


Coinsetter is the first Bitcoin trading platform to specifically target institutional investors and traders with a large amount to spend. They offer the deepest orderbook on the market, meaning that large trades can be made without having to buy or sell a long way from the fair market price. This is achieve by integrating the native orderbook with those of other exchanges, effectively allowing traders to access many of the most popular exchanges simultaneously.

BTX Trader

BTX Trader offers a range of advanced order types including stop loss and trailing stop orders.

One unique feature of BTX trader is 'hidden orders'. This means that you can place a limit order on the market which will not be seen by other traders. This is useful in thin markets (markets with less volume and liquidity) such as Bitcoin because a large order can actually move the markets significantly, and the trader placing the offer may not want to do this. Hidden orders allow large offers to be placed on the market without influencing other traders.


If you are interested in trading Bitcoin against other digital currencies, rather than against fiat money like USD or Euros, then Cryptsy offers the widest range of options.

Plus 500

Many traditional trading platforms are now starting to jump onto the digital currency bandwagon and offer Bitcoin ETFs, or electronically traded funds.

These ETFs offer leveraged trading through which you can take both long and short positions on Bitcoin's price.

You should be aware that these funds are for day trading only, which is when you open and close a position (a bet on the price going up or down effectively) on the same day. They are no use for taking long term positions.

My personal recommendation if you want to go down this route would be to use Plus 500, who have ETFs for both Bitcoin and Litecoin, and offers generous welcome bonuses to new traders - including a small 'no deposit bonus' which lets you try out the system with real money and potentially make real profits without even having to put any of your own money at risk.


    0 of 8192 characters used
    Post Comment

    • Allcloudminers profile image


      22 months ago

      Cryptsy is down. Check also Poloniex, Quoine and Bitstamp for good Bitcoin trading platforms.

    • coinjoker profile image

      Coin Joker - Bitcoin Exchange Software 

      2 years ago from Madurai

      Use ful article

    • profile image


      2 years ago

      Hi, I recomend a site that pays 0,15% hourly (3,6 daily) in btcs, cashout anytime:


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)